0
The expected outcome of an experiment, where the outcomes have discrete values, is the sum of the values of each outcome multiplied by the probability of that value occurring.
For continuous variables, it is the integral of each value multiplied by the probability of that value being attained.
The expected value for a variable is the [arithmetic] mean for that variable.
Note, though, that the arithmetic mean may be unrealisable. For example, the expected value for the roll of a fair die is
1*(1/6) + 2*(1/6) + 3*(1/6) + 4*(1/6) + 5*(1/6) + 6*(1/6) = 21/6 = 31/2. And no matter how hard you try, you will not roll 31/2! What the expected value says is that, if you roll the die many times, the average of all the values that you get will be approximately 31/2.
What else can I help you with?
What is the expected outcome of a hypothesis?
what is expected is to see if the outcome of the factor increases or decreses
What is the definition of possible outcome?
the definition of possible outcome is the possibility of something happening.
What is the opposite outcome of what is expected called?
The opposite outcome of what is expected is called an "irony" or "ironic outcome." In a broader context, it can also be referred to as a "paradox" or "unexpected consequence." This phenomenon often highlights a situation where the actual result is contrary to what was anticipated, sometimes leading to humorous or thought-provoking scenarios.
What does fair mean in mathematics?
Fair means unbiased. That is to say, the expected outcome of a set of trials is the same as what would be expected on theoretical grounds.
The expected value is what kind of aspect of how probability distribution is characterized?
Expected value is the outcome of confidence of how probability distribution is characterized. If the expected value is greater than the confidence interval then the results are significant.
What is the expected outcome of a hypothesis?
what is expected is to see if the outcome of the factor increases or decreses
What is expected outcome mean for a science fair?
what does expected outcome mean for a science fair
What is the expected outcome from investing in the stock market?
The expected outcome is Profit. But, the actual outcome may be different if the stock selected was poor.
What is the definition of possible outcome?
the definition of possible outcome is the possibility of something happening.
What is the math definition of a simple event?
( i Dint make this definition) a specific outcome or type of outcome
What is the sum of the probabilities of each outcome multiplied by the outcome value?
expected value
How do you calculate expected rate of return?
The expected rate of return is calculated by multiplying the potential returns of each possible outcome by their probabilities and then summing these values. The formula is: Expected Rate of Return = (Probability of Outcome 1 × Return of Outcome 1) + (Probability of Outcome 2 × Return of Outcome 2) + ... + (Probability of Outcome n × Return of Outcome n). This approach helps investors assess the average return they might anticipate from an investment based on various scenarios.
Differnece between typical and atypical?
Typical is an expected outcome; atypical would be an unexpected outcome.
What describes someone's expected outcome from investing in the stock market?
Making profit from savings, describes someone's expected outcome from investing in the stock market. Making profit from savings
What describes someones expected outcome from investing the stock market?
Making profit from savings, describes someone's expected outcome from investing in the Stock Market. Making profit from savings
Whats the definition of social outcome?
NO SUCH THING
What is the definition of maudi?
"The Expected One"
